Wall Street brokerages predict that HealthStream, Inc. (NASDAQ:HSTM) will report earnings per share (EPS) of $0.07 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for HealthStream’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.08. HealthStream reported earnings per share of $0.11 during the same quarter last year, which indicates a negative year over year growth rate of 36.4%. The business is expected to issue its next earnings results after the market closes on Monday, July 22nd.
According to Zacks, analysts expect that HealthStream will report full year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.32 to $0.35. For the next financial year, analysts expect that the company will report earnings of $0.39 per share, with EPS estimates ranging from $0.38 to $0.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for HealthStream.
HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, April 22nd. The technology company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.08. The firm had revenue of $65.20 million for the quarter, compared to analyst estimates of $61.19 million. HealthStream had a return on equity of 4.68% and a net margin of 5.93%. HealthStream’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 earnings per share.
A number of equities research analysts recently commented on HSTM shares. BidaskClub upgraded Zai Lab from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Barrington Research reiterated a “buy” rating and issued a $8.00 target price on shares of Sirius XM in a research report on Wednesday, April 24th. ValuEngine upgraded XCel Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.33.
In other HealthStream news, Director Linda Rebrovick sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $25.90, for a total value of $388,500.00. Following the sale, the director now owns 52,726 shares in the company, valued at approximately $1,365,603.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 20.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its holdings in HealthStream by 2.6% during the 2nd quarter. Bessemer Group Inc. now owns 75,100 shares of the technology company’s stock valued at $1,942,000 after acquiring an additional 1,900 shares during the period. OLD National Bancorp IN boosted its holdings in HealthStream by 20.5% during the 2nd quarter. OLD National Bancorp IN now owns 12,038 shares of the technology company’s stock valued at $311,000 after acquiring an additional 2,045 shares during the period. WINTON GROUP Ltd purchased a new position in HealthStream during the 2nd quarter valued at about $559,000. Summit Global Investments boosted its holdings in HealthStream by 5.9% during the 1st quarter. Summit Global Investments now owns 28,800 shares of the technology company’s stock valued at $808,000 after acquiring an additional 1,600 shares during the period. Finally, Granite Investment Partners LLC boosted its holdings in HealthStream by 18.5% during the 1st quarter. Granite Investment Partners LLC now owns 623,046 shares of the technology company’s stock valued at $17,483,000 after acquiring an additional 97,269 shares during the period. Institutional investors and hedge funds own 71.65% of the company’s stock.
NASDAQ HSTM traded up $0.11 during trading hours on Monday, reaching $26.70. The stock had a trading volume of 142,825 shares, compared to its average volume of 142,827. The company’s fifty day moving average is $25.74. The stock has a market cap of $861.21 million, a PE ratio of 62.09, a P/E/G ratio of 6.61 and a beta of 0.67. HealthStream has a 52-week low of $23.06 and a 52-week high of $31.86. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.10.
HealthStream, Inc provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community.
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